Meg Wilson, tax writer at Croner-i, examines the points-based late filing penalty regime being introduced in Finance Bill 2021 for VAT and income tax submissions
Over 30% of executives say their organisations are starting to feel the operational impact of climate-related disasters and more than a quarter are facing a scarcity of resources
The latest HMRC guidance on the tax treatment of cryptocurrency comes without any legislation underpinning it, warns tax and advisory firm Blick Rothenberg
Following extensive consultation with employees, PwC has told its 22,000 staff and partners that it is making changes to allow greater flexibility for post-pandemic working
The board of KPMG UK has nominated Jon Holt, currently head of the UK audit practice, as its nominee for the role of chief executive following the resignation of chair Bill Michael
From 1 April 2021, UK VAT registered businesses will face more Making Tax Digital (MTD) obligations. Scott Craig, partner and head of VAT at Azets, explains the key changes and penalty system
As the end of the tax year fast approaches, Kevin Sefton, CEO of untied, the personal tax app, sets out the 10 steps to ensure you reduce your tax liability
The government has launched a consultation on introducing mandatory climate-related financial disclosures for publicly quoted companies, large private companies and LLPs, set to come into effect from April 2022
In this week’s Q&A, Priyesh Mistry, VAT advisor at Croner Taxwise, considers whether VAT can be reclaimed on gifts from a client received by a supplier
The International Accounting Standards Board (IASB) is consulting on a new approach to developing disclosure requirements in IFRS standards and new disclosure requirements on fair value measurement and employee benefits
The US is considering taking action against a number of countries including the UK due to use of digital services taxes which primarily hit giant multinationals such as Amazon and Google
The International Accounting Standards Board (IASB) has decided to extend by 30 days the comment period for the Exposure Draft Regulatory Assets and Regulatory Liabilities
Global tech firms such as Google should be held to account for hosting pension scam adverts with legislation needed to stop them profiting from a multibillion-pound scam industry, the Work and Pensions committee has said
The Chartered Institute of Taxation (CIOT) is calling for specific reforms to the taxation of trusts despite the government pulling back from a wholesale review of this area
The Financial Reporting Council (FRC) has published a report Our Approach to Audit Supervision, which sets out what firms can expect from the FRC in the course of supervision with a focus on audit quality and firm resilience
Glasgow-based chartered accountants Wylie & Bisset has become the sole independent Scottish accountancy practice to be awarded slots on the Department for Education framework